MF News L&T Mutual Fund looks to sell 49% stake to finance expansion plans

L&T Mutual Fund looks to sell 49% stake to finance expansion plans

Source: Economic Times Jan 8, 2016

L&T Mutual Fund, ranked 14 by assets, is looking to sell a 49% stake to a strategic partner to raise capital to expand its distribution reach across smaller towns and cities and gain market share, said two people with direct knowledge of the development. The stake sale could fetch an estimated Rs 600-625 crore.
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